The world's largest air-conditioner manufacturer Daikin Industries aims to triple exports of its 'Made in India' products by 2025 and turn the country into its biggest manufacturing hub for exports. In an interview with the Financial Times, the firm's chief executive Masanori Togawa said they would soon start manufacturing products like heat pumps in India.
The main reason behind the increasing focus on India was the tightening environmental regulations in Europe.
This story is from the March 28, 2023 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 28, 2023 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Ukraine Warns Of WW3 If It Loses Against Russia
The Prime minister of Ukraine said that there will be a "Third World War" if Ukraine loses its conflict with Russia, as he urged the US Congress to pass a long-stalled foreign aid bill.
VOTER PULSE, ONE STATION AT A TIME
On the tracks of political schism: Southern comfort for Opposition
Good times ahead for UB as heatwave, IPL set the tone
A cocktail of heatwave and upcoming cricketing events is expected to usher in the peak season for the country's largest beer maker, United Breweries.
Invest with 5 to 7-year horizon to cope with economic cycles
Manufacturing has been in the limelight for some time due to the government's attempts to foster rapid growth in this segment of the economy.
Good Q4, commentary perk up ICICI Lombard
ICICI Lombard General Insurance Company reported financial improvement and optimistic commentary in Q4FY24.
NSE to launch derivatives on Nifty Next 50 this mth
Cash-settled derivatives contracts will expire on last Friday of expiry month
Markets extend losing streak for fourth straight session
Indices close in the red after volatile trade
GQGEM Equity Funda hit among US investors
The actively managed fund's AUM tops $20 trillion
Stock exchange to administer research analysts: Sebi
Enlisting with Sebi may re-register with the new administrative be mandatory
Digital OPD a mixed bag with over 24 mn entries
The National Health Authority's (NHA) scan and share service has recorded more than 24 million digital out-patient department (OPD) registrations since its inception in September 2022, with Uttar Pradesh topping the list with over 7.8 million OPD tokens generated.